Here is my suggested buy zone.
With bitcoin looking bearish, things could go south very quickly.
Spreading buys accross this area could be a good move.
SHIB is under the $0.000012 resistance and price appears keen to break above it, but so far it was rejected by bears.
With another push it could succeed, but for that the whole market, including BTC needs to break higher.
Hard to say where the market will go next, but SHIB remains somewhat bullish based on this price action.
The biggest concern is the lack...
Shiba Inu broke up this triangle📐 and I think there is chance for run to 1277 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 1045
STOPLOSS (SL) : local low @ 969
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1277
REWARD RISK RATIO (RRR) :...
Not a lot of time for description here but BTC indicators are pointing DOWN . A new 4HR candle just started.
There's bearish divergence on the RSI .
BTC will likely pull this one down.
Look to buy at the 0.618 retracement level instead which is about 0.000009
Potentially BIG gains from there NEXT WEEK...
Will update as needed. I feel bad for anyone who...
SHIB is currently in a descending ABC correction and we're in wave C now, which has 5 subwaves. We are currently in subwave 4 and expecting one more drop for subwave 5.
Once price drops once more, we can get ready to buy Shiba Inu. We have a level marked out, which has previously acted as strong support. Price could very well retest that level once more before...
✅SHIB has reached the support level. the price has already stopped and is ready to rebound. I expect growth.✅
🚀 BUY scenario: long to the area of 0.000011.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a...
The main trend (part). The timeframe is 3 days. I finished the missing part of the chart with a marker. Fractal structure. At the moment, the drain from the peak of the pampa is about -70%. From the exit of the downtrend, a sideways pattern (horizontal channel 55%) began to form. Which may become the second phase of the cup pattern (as before) in case this...
Shiba Inu is running in Descending Channel and it makes Zigzag Correction. I showed you two scenarios for Shiba Inu (End of the main wave C=Probably End of the Correction).
🔆Scenario 1: Shiba Inu can start the new journey from the current price {Heavy Support Zone (0.0000108$_0.000009$)}. Probably it will Start at my TRZ 1(Time reversal Zone).
🔆Scenario 2: If...
Hello friends, if you want to open a buying position, be sure to go to the 4-hour timeframe and buy after the pullback ...
I used this time frame to show divergence in daily timeframe ...
Good luck...
Must be patient with this. If bitcoin nukes down then im sure this will kick in. Stop back inside this resistance that it broke from. Looking for the retest of the downward resistance and/or the old horizontal price resistance.
Depending on where you take the swing low from, the fib retracement gives so good confluence here also.
SHIB could see once again our first entry level:
Due to the markets condition i expect SHIB Shiba Inu to touch the $0.00000847 support.
Looking forward to read your opinion about it.
SHIBA INU and overall alt market is currently in a deep downtrend. If we look closely to this shiba chart, price have fallen to the toes of the market (so is it right time to buy?) well i dont know yet, nobody knows that anyways WE NEVER BUY WHEN PRICES ARE GOING DOWN EVERY SINGLE DAY! what we can do tho is to wait and let the market show the lead that could be...
